Navient honored for achieving full gender parity in the boardroom by Women's Forum of New York
November 19 2015 - 10:03AM
Navient, the nation’s leading loan management, servicing and asset
recovery company, was recognized today by the Women’s Forum of New
York for its advancement of women in the boardroom. The company,
which has a representation of 54 percent women on its board, is
among an elite group honored to achieve full gender parity.
“Our goal is gender parity in the boardroom by 2025," said
Janice Ellig, Co-CEO of Chadick Ellig and Chair of the event. "So
we are giving special recognition to Navient, one of the true
leaders in making this a reality. We need more visionaries like
them.”
Navient has more women independent directors than any company of
its size, according to analysis of S&P 500 companies. Seven of
its 13 directors are women, representing more than half of the
board. Earlier this year, the New York Stock Exchange Governance
Services presented Navient with the award for Best Board Diversity
Initiative for successfully implementing a broad definition of
diversity at the board level. Navient was also recognized with the
"W" award from 2020 Women on Boards, a national campaign to
increase the percentage of women directors on U.S. company
boards.
“Diversity in all its forms—gender, ethnicity, and experience—is
essential to our values and our value,” said Jack Remondi, Navient
CEO and president. “Navient is proud to lead the way with our
commitment to boardroom diversity.”
The award was presented to Katherine Lehman, a Navient board
director, at the organization’s third biennial Breakfast of
Corporate Champions. The event brought together an audience
of more than 500, including CEOs and board directors along with
business leaders, government officials, thought leaders and
influential media in special recognition of forward-thinking
companies.
Following the awards presentation, a CEO panel discussion on why
and how top U.S. companies should strive for gender parity was
conducted and moderated by Judy Woodruff of PBS NewsHour.
Additionally, this year's breakfast expanded to include a follow-up
symposium co-sponsored by the Committee for Economic Development of
the Conference Board, which included moderated sessions by Moira
Forbes of ForbesWomen, Cyrus Sanati of Fortune.com and Susanna
Schrobsdorff of TIME magazine. The symposium closed with a luncheon
keynote by Securities and Exchange Commission Chair, Mary Jo White,
introduced by Michael Fucci, chairman of the board, Deloitte
LLP.
To learn more about the Women's Forum of New York or the Women's
Forum CEO-Sponsored Database,
visit https://www.womensforumny.org/. Connect with @Navient on
Facebook, Twitter and LinkedIn.
About NavientAs the nation's leading loan
management, servicing and asset recovery company, Navient
(Nasdaq:NAVI) helps customers navigate the path to financial
success. Servicing more than $300 billion in student loans, the
company supports the educational and economic achievements of more
than 12 million Americans. A growing number of public and private
sector government clients rely on Navient for proven solutions to
meet their financial goals. Learn more at navient.com.
About the Women's Forum of New YorkThe
Women’s Forum of New York is the city’s premier organization of
women leaders. The invitation-only membership of more than 500
women, representing the highest levels of achievement across all
professional sectors from finance to fine arts, is dedicated to the
advancement of women’s leadership through programs which enrich
members lives personally and professionally, through The Education
Fund which enables talented women whose potential has been
disrupted by extreme adversity to resume their education, and
through the Corporate Board Initiative, which extends and expands
the contribution of women leaders through corporate board
participation. Founded in 1974, the Women's Forum of New
York is the flagship of the International Women's Forum, a
global organization of nearly 6,000 outstanding women leaders in
over 74 Forums around the world.
Contact:
Media: Nikki Lavoie, 302-283-4057, nikki.lavoie@navient.com
Investors: Joe Fisher, 302-283-4075, joe.fisher@navient.com
Customers: 888-272-5543
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